EDP RENOVAVEIS - 1H - Technical analysis published on 09/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 15.17 EUR
My targets
15.56 EUR (+0.65%)
16.07 EUR (+3.95%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on EDP RENOVAVEIS as long as the price remains well above 15.17 EUR. The buyers' bullish objective is set at 15.56 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.07 EUR. If there is any crossing, the next objective would be the resistance located at 16.30 EUR. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EDP RENOVAVEIS price is 15.46 EUR. The price registered a decrease of -0.13% on the session with the lowest point at 15.43 EUR and the highest point at 15.70 EUR. The deviation from the price is +0.19% for the low point and -1.53% for the high point.15.43
15.70
15.46
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EDP RENOVAVEIS:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EDP RENOVAVEIS indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.64 | 14.93 | 15.17 | 15.46 | 15.56 | 16.07 | 16.30 |
| Change (%) | -5.30% | -3.43% | -1.88% | - | +0.65% | +3.95% | +5.43% |
| Change | -0.82 | -0.53 | -0.29 | - | +0.10 | +0.61 | +0.84 |
| Level | Minor | Minor | Minor | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.16 | 15.25 | 15.36 | 15.45 | 15.56 | 15.65 | 15.76 |
| Camarilla | 15.43 | 15.44 | 15.46 | 15.48 | 15.50 | 15.52 | 15.54 |
| Woodie | 15.18 | 15.26 | 15.38 | 15.46 | 15.58 | 15.66 | 15.78 |
| Fibonacci | 15.25 | 15.32 | 15.37 | 15.45 | 15.52 | 15.57 | 15.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.50 | 14.21 | 14.69 | 15.40 | 15.88 | 16.59 | 17.07 |
| Camarilla | 14.83 | 14.94 | 15.05 | 15.16 | 15.27 | 15.38 | 15.49 |
| Woodie | 13.38 | 14.15 | 14.57 | 15.34 | 15.76 | 16.53 | 16.95 |
| Fibonacci | 14.21 | 14.67 | 14.95 | 15.40 | 15.86 | 16.14 | 16.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.83 | 13.30 | 13.89 | 14.36 | 14.95 | 15.42 | 16.01 |
| Camarilla | 14.18 | 14.28 | 14.37 | 14.47 | 14.57 | 14.66 | 14.76 |
| Woodie | 12.88 | 13.33 | 13.94 | 14.39 | 15.00 | 15.45 | 16.06 |
| Fibonacci | 13.30 | 13.71 | 13.96 | 14.36 | 14.77 | 15.02 | 15.42 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.27 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 12.16 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 15.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.35 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 15.28 | |
| Zig ZAG (10): | 15.46 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 35.14 | |
| TEMA (21): | 15.51 | |
| Williams %R (14): | -64.86 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | -0.5900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.43 |
| MA7: | 15.32 | |
| MA20: | 15.32 | |
| MA50: | 14.62 | |
| MA100: | 14.36 | |
| MAexp7: | 15.47 | |
| MAexp20: | 15.44 | |
| MAexp50: | 15.43 | |
| MAexp100: | 15.40 | |
| Price / MA7: | +0.91% | |
| Price / MA20: | +0.91% | |
| Price / MA50: | +5.75% | |
| Price / MA100: | +7.66% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.39% |
Quotes :
-
15 min delayed data
-
Euronext Lisbonne
News
The last news published on EDP RENOVAVEIS at the time of the generation of this analysis was as follows:
- EDP Renewables Announces Promotion of Gabriel Yamal to Executive Vice President
- EDP Renewables, Salt River Project, and Meta Unveil Brittlebush Solar Park in Arizona
- EDP Renewables Cuts Ribbon on Scarlet I Solar Energy Park in Fresno County, CA
- EDPR NA Distributed Generation Acquires Renewable Properties’ Community Solar Portfolio in Illinois
- EDP Renewables Introduces its Arkansas Solar Park in Mississippi County
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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